Lear Corp. /zigman2/quotes/203548859/composite LEA +3.90% said Friday it was implementing a temporary 20% salary deferral for all salaried employees in the U.S. and Canada. The auto parts maker said Chief Executive Ray Scott's salary will be reduced by 10% for the rest of 2020, and other named executive officer salaries will be cut by 5%. To put Scott's salary cut in context, Scott's base salary was $1.20 million in 2019, representing 8.7% of total compensation of $13.72 million, which included $1.10 million in non-equity incentive plan compensation and $442,453 in other compensation. Lear has recently announced measures it was taking in response to the COVID-19 pandemic, including making face masks and temporarily suspending its dividend and share repurchases. The stock has dropped 33.2% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.23% has declined $17.7%.